Wednesday, March 14, 2012

Daily Chart
 
5 Minute Chart

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Stock: GMCR
Entry Bar: 2
Time Frame: 5 Minute
Entry Point: 52.07
Stop: 52.40
Exit Goal: Gap Fill and scale out
Result:Gap Fill
All or Nothing Result: all
Notes:Weak stock on the daily. Overall market extremely strong yesterday so looking for stocks weak overly extended on their Daily Charts to short at the open.

* All or Nothing means to place a trade, set a exit goal and a stop, and not to manage the trade unless it’s the end of the day. Feel free to post any trades you made today that you would like commented on.

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Disclaimer

I DO NOT MAKE RECOMMENDATIONS TO BUY OR SELL SECURITIES - I JUST POST TRADES I MAKE OR FIT THE RULES OF MY TRADING PLAN ON A DAILY BASIS. DO YOUR OWN DUE DILIGENCE - YOU ARE RESPONSIBLE FOR YOUR TRADES, INVESTMENTS, AND DECISIONS! ALL CHARTS COURTESY OF TRADESTATION, SCHWAb & TD AMERITRADE